Insurance companies use deductibles and copayments to:
A. increase access to health care.
B. reduce health care costs by discouraging overuse of the health care system.
C. prevent small companies from self-insuring their workers.
D. keep government out of the health care insurance industry.
Answer: B
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Because the monopolistically competitive firm faces a ________ demand curve for its product, it ________ the price of its output
A) downward-sloping; cannot influence B) horizontal; can influence C) horizontal; cannot influence D) downward-sloping; can influence
In the past, some governments' budget deficits became so large that they could not raise sufficient taxes to finance the spending, so they ________, which led to ________.
A. printed large quantities of paper money; hyperinflation B. reduced the amount of currency held by the public; a smaller money supply C. increased bank reserves; a larger reserve/deposit ratio D. ordered the central bank to sell government bonds; an increase in the money supply